Automatic Data Processing with ticker code (ADP) have now 16 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 245 and 174 and has a mean target at 218.84. With the stocks previous close at 205.13 this would imply there is a potential upside of 6.7%. There is a 50 day moving average of 228.97 and the 200 moving average now moves to 211.86. The company has a market capitalisation of $86,634m. Visit the company website at: https://www.adp.com
The potential market cap would be $92,425m based on the market concensus.
Automatic Data Processing provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions. Its offerings include payroll, benefits administration, talent management, HR management, workforce management, insurance, retirement, and compliance services. The PEO Services segment provides HR outsourcing solutions to small and mid-sized businesses through a co-employment model. This segment offers benefits package, protection and compliance, talent engagement, comprehensive outsourcing, and recruitment process outsourcing services. The company was founded in 1949 and is headquartered in Roseland, New Jersey.
